The two office buildings - One Lee Park West and Oakwood Tower - contain about 118,567 square feet and are more than half leased. The buildings were constructed in 1964 and 1972.

"We are going to invest the funds to get them up to speed," said BlackWatch founder Scott McGarity.

The sales were brokered by the Dallas office of Colliers International. Terms of the transaction were not disclosed.

"I left Colliers a little over a year ago and formed a real estate investment firm to go out and buy office buildings," McGarity said. "We are ging to really spruce these buildings up and reposition them.